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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Royalty payment to a related person - it is wrong to conclude ...

Income Tax

August 12, 2015

Royalty payment to a related person - it is wrong to conclude that that Tarun Mohan being a Director of the respondent was not entitled to enter into an agreement for the transfer of his assets to the company - This ignores the fundamental concept that the assessee being a company incorporated under the Companies Act, 1956 is a separate legal juristic entity - HC

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